Trump says JPMorgan Chase, Bank of America rejected him as a customer

## Trump Claims Banks Rejected Him, Reigniting “De-Banking” Debate

This article discusses former President Donald Trump’s recent claims that major American banks, specifically JPMorgan Chase and Bank of America, rejected him as a customer. This has brought the ongoing debate about “de-banking” – the alleged unfair denial of financial services to conservative clients – back into the spotlight.

Here’s a breakdown of the key points:

• **Trump’s Claims:** Trump stated that JPMorgan Chase gave him 20 days to move “hundreds of millions of dollars” and that Bank of America refused to open an account for him. He didn’t specify when these events occurred.
• **Context:** Trump’s comments echo previous accusations of banks unfairly targeting conservative clients. This issue gained traction in January when Trump accused Bank of America of denying services to conservative customers.
• **Bank Responses:** JPMorgan Chase denied closing accounts for political reasons, while Bank of America declined to comment. JPMorgan expressed support for regulatory changes.
• **Regulatory Pressure:** Banks often cite federal laws aimed at preventing financial crimes as reasons for account closures, but Trump believes the Biden administration pressured banks to target him and his supporters.
• **Executive Order:** The Trump administration is reportedly preparing an executive order that could fine banks for dropping customers based on political grounds.
• **Legal Action:** Trump’s company previously sued Capital One, alleging improper account closures.
• **Financial Impact:** Shares of the mentioned banks dipped slightly following Trump’s statements.

For more details, you can read the original article [here](insert_article_link_here).